| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers S > Headlines for Starwood Property Trust, Inc. > News item |
Four drive-by deals tap the primary; Diamondback gains; United Naturals active
By Paul A. Harris and Abigail W. Adams
Portland, Me., Oct. 19 – Dealers had the pedal to the metal as the lights came up on Monday in the primary market with four issuers tapping the market in drive-by action.
Among them were Dave & Buster's Entertainment, Inc., Chobani, LLC, Starwood Property Trust, Inc. and Multi-Color Corp.
While the primary market was active, the secondary space started the week on soft footing as fading stimulus hope led to a sell-off in risk assets.
However, volume was light amid the weakness in the market as attention turned towards earnings and the new deals in the pipeline.
Several recent deals remained active in the secondary space and continued to perform well despite the down day for the market.
United Natural Foods Inc.’s 6¾% senior notes due 2028 (B3/CCC+) and Shift4 Payments, LLC’s 4 5/8% senior notes due 2026 (B2/B) were active.
While United Natural’s notes continued to improve, Shift4 Payments notes were little changed.
However, Ligado Networks LLC's 15½% first-lien PIK toggle notes were seen at a deep discount to their issue price in the secondary space.
Outside of recent deals, Diamondback Energy Inc.’s split-rated 3½% senior notes due 2029 were active and posting gains after S&P changed its outlook on the company to stable and affirmed their investment grade rating.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.